Sellar Property Group, which holds the leasehold on the site over London Bridge Station currently occupied by PwC, aims to replace the 1970s tower block with a 87-storey office building.
Likely to be dubbed London Bridge Tower, the scheme will also incorporate a public piazza, a range of amenities and is intended to complement the planned regeneration of the station.
PwC partner Roger Reeves said: ‘London Bridge remains an important centre for PricewaterhouseCoopers. We welcome this exciting proposal and are pleased to encourage regeneration of this strategic location.’
The news comes as PwC decides whether to split its audit and consultancy activities. If the firm splits, it would be unlikely to have both consultancy and audit functions in the same building due to conflict of interest rules.
A spokeswoman for the firm said no decisions as to PwC’s future location had yet been taken. The concept of a 1,200 foot-high building has the endorsement of the local authority planners.
But Southwark Council will leave a planning decision to the new London mayor whose planning powers take effect from the summer.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel